Saskatchewan Residential Real Estate Market sees little effect of COVID-19 in March.
There can be no denying that COVID-19 has had a tremendous impact on global and local markets. While the true extent of the pandemic’s effects will not be known for some time, we can begin to get an idea of how markets are being affected. In Saskatchewan, the first presumptive case of COVID-19 appeared on March 12, and the province declared a state of emergency on March 18. Comparing sales and sales volume figures since the state of emergency was declared to the same period last year reveals that while there was a 6.2% drop in total sales and a 9.6% drop in total sales volume, none of this decline affected the residential market.
In fact, the…